Twitter Customers Jeer Billionaire’s Gripe About Not Paying ‘Honest Share’ Of Taxes

Billionaire hedge fund operator Leon Cooperman impressed many Twitter customers to take up a musical instrument on Thursday: the actually tiny violin.

Cooperman appeared on CNBC to debate how Reddit customers are shopping for up shares of GameStop to troll Wall Road merchants like, effectively, Cooperman.

He predicted issues would finish badly. Very badly for the trolling merchants.

“I’m not damning them. I’m simply saying from my expertise, this may finish in tears,” Cooperman stated. “GameStop isn’t price $500, not price $400, not price $300, not price $200, not even price $100, not even price $50.”

After a pair {of professional} funding corporations positioned large bets that the money-losing online game retailer’s inventory would crash, a gaggle of smaller traders have been shopping for up shares to help the corporate and beat again the professionals, in accordance with The Related Press.

Cooperman blamed the phoenix-like rise of GameStop inventory on a wide range of elements together with “individuals [who] are sitting at residence, getting their checks from the federal government, mainly buying and selling for no commissions and no rates of interest.”

However what actually set off Cooperman was the concept that billionaires like him aren’t paying their “fair proportion” in taxes.

“I hate that expression with a ardour!” Cooperman stated. “What does fair proportion imply? … I’m keen to work six months a 12 months for the federal government, and 6 months for myself — which suggests a marginal tax price of fifty%. For those who stay in California, Connecticut, New Jersey, New York, you’re already effectively previous that. This fair proportion is a bullshit idea! It’s only a means of attacking rich individuals.”

Since Cooperman was charged with insider buying and selling in 2016 (and ultimately paid $4.9 million in fines with out admitting guilt), and undoubtedly benefited from Donald Trump’s large 2017 tax lower for the rich, Twitter customers weren’t sympathetic.

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